The bank’s stock has emerged as the top gainer in the banking segment on the NSE over the past year, beating Co-operative Bank (up 91.6 percent), DTB (87.7 percent) and Stanbic Holdings (70.4...
By
Charles Mwaniki
Business Reporter
Nation Media Group
I&M Group founder and director Suresh Raja Shah and his two sons have seen the value of their shares in the bank double to Sh17.35 billion following a 94 percent rally on the stock to an all-time high of Sh69.50 in the last one year.
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Market recap: Six of top-10 most valued firms add Rs 88,678 crore; ICICI Bank biggest gainer
The lender increased its holding through a capital injection and the buyout of minority shareholders, signalling confidence in…
I&M achieved a 24.8 percent growth in total operating income over the three-months period to Sh16.1 billion from Sh12.9 billion…
The lender’s issued shares will grow to 1.85 billion from the current 1.66 billion, which will give it a starting market…
NCBA had expanded its asset gap with I&M to Sh183.06 billion by the end of December 2022.
This rising prominence of banks at the NSE has now increased the concentration risk at the market, which has been dominated in…
By the end of March, the collective investment schemes had Sh851.7 billion in assets under management, held by 3.63 million…
